China Universal Asset Management Co. Ltd. Reduces Holdings in The Home Depot, Inc. $HD

China Universal Asset Management Co. Ltd. trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD) by 36.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,282 shares of the home improvement retailer’s stock after selling 6,975 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in Home Depot were worth $4,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of HD. Cypress Capital Advisors LLC boosted its stake in shares of Home Depot by 1.2% during the second quarter. Cypress Capital Advisors LLC now owns 3,065 shares of the home improvement retailer’s stock valued at $1,124,000 after purchasing an additional 36 shares during the period. Tribridge Partners Financial LLC purchased a new position in shares of Home Depot in the second quarter worth $569,000. Orion Porfolio Solutions LLC raised its holdings in Home Depot by 1.9% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 83,063 shares of the home improvement retailer’s stock valued at $30,454,000 after buying an additional 1,516 shares during the last quarter. MASTERINVEST Kapitalanlage GmbH bought a new stake in Home Depot during the 2nd quarter valued at $10,624,000. Finally, Promus Capital LLC boosted its position in Home Depot by 20.9% during the 2nd quarter. Promus Capital LLC now owns 1,722 shares of the home improvement retailer’s stock valued at $631,000 after buying an additional 298 shares during the period. Institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other news, EVP Ann Marie Campbell sold 145 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the sale, the executive vice president owned 12,320 shares in the company, valued at approximately $4,413,763.20. The trade was a 1.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. KGI Securities cut shares of Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price objective on the stock. in a research report on Wednesday, November 19th. Bank of America cut their target price on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. Jefferies Financial Group restated a “buy” rating and set a $424.00 price target on shares of Home Depot in a report on Wednesday. Guggenheim lowered their price target on Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Finally, Daiwa Capital Markets cut their price objective on Home Depot from $399.00 to $348.00 and set a “neutral” rating on the stock in a research report on Monday, November 24th. Twenty-one analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $401.17.

Home Depot Stock Performance

Shares of HD opened at $359.52 on Monday. The company has a 50-day simple moving average of $368.34 and a two-hundred day simple moving average of $379.38. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29. The firm has a market capitalization of $357.90 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 13.40 and a beta of 1.06. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $426.75.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.83 by ($0.09). The firm had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $9.20 annualized dividend and a yield of 2.6%. Home Depot’s dividend payout ratio (DPR) is currently 62.71%.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.